REI Lense

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$3,300 (target)

10330 Lloy St, Portage, MI 49024

3 beds • 2 baths • 2431 sqft

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This property might be a fair Mid-Term investment with a projected 5.85% first-year return on $76,317 initial cash invested.

5.85%

Cash On Cash

8.26%

Cap Rate

1.36

DSCR

$3,300

Rent

$372

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,300 income − $2,928 expenses = $372 cash flow

Income$3,300Mortgage P&I$1,40843%Property Taxes$2989%Insurance$1003%Management$39612%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36311%Cash Flow$372

Investment Breakdown

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Purchase Price

$278k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,317

Downpayment

20%

$55,540

Closing costs

1%

$2,777

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,300

Total Expenses

$2,928

Mortgage P&I

43%

$1,408

Property Taxes

9%

$298

Home Insurance

3%

$100

HOA

0%

$0

Property Management

12%

$396

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$363

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